Can I retire at age 59 with 2,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$174,242$172,690$171,176$169,698$168,254$163,987
2 years$86,258$84,652$83,095$81,585$80,121$75,850
3 years$56,934$55,321$53,768$52,273$50,832$46,690
4 years$42,275$40,667$39,129$37,659$36,254$32,273
5 years$33,482$31,883$30,366$28,926$27,560$23,751
6 years$27,622$26,035$24,540$23,132$21,807$18,175
7 years$23,438$21,864$20,393$19,018$17,735$14,279
8 years$20,301$18,742$17,295$15,954$14,713$11,432
9 years$17,862$16,318$14,896$13,589$12,390$9,281
10 years$15,913$14,383$12,987$11,714$10,557$7,616
11 years$14,319$12,805$11,433$10,195$9,080$6,302
12 years$12,991$11,493$10,147$8,942$7,868$5,250
13 years$11,869$10,386$9,065$7,895$6,861$4,397
14 years$10,908$9,441$8,145$7,008$6,014$3,699
15 years$10,076$8,624$7,354$6,250$5,296$3,122
16 years$9,348$7,913$6,668$5,596$4,680$2,644
17 years$8,707$7,287$6,067$5,028$4,150$2,244
18 years$8,137$6,734$5,539$4,531$3,690$1,909
19 years$7,629$6,241$5,070$4,094$3,289$1,626
20 years$7,171$5,799$4,653$3,708$2,938$1,388
21 years$6,758$5,402$4,280$3,365$2,629$1,186
22 years$6,383$5,042$3,945$3,060$2,356$1,014
23 years$6,041$4,716$3,642$2,787$2,115$868
24 years$5,728$4,419$3,369$2,542$1,901$744
25 years$5,440$4,147$3,120$2,321$1,711$637
26 years$5,175$3,897$2,894$2,122$1,541$547
27 years$4,930$3,668$2,687$1,943$1,389$469
28 years$4,703$3,456$2,498$1,780$1,254$403
29 years$4,492$3,260$2,324$1,632$1,132$346
30 years$4,295$3,079$2,165$1,498$1,023$297
31 years$4,111$2,911$2,019$1,376$925$255
32 years$3,940$2,754$1,883$1,264$837$219
33 years$3,779$2,608$1,758$1,163$757$189
34 years$3,627$2,472$1,643$1,070$685$162
35 years$3,485$2,345$1,536$985$621$139
36 years$3,351$2,225$1,437$907$562$120
37 years$3,225$2,114$1,345$836$510$103
38 years$3,105$2,009$1,260$770$462$89
39 years$2,992$1,910$1,180$710$419$76
40 years$2,885$1,817$1,106$655$380$66
41 years$2,783$1,730$1,037$604$345$56
42 years$2,686$1,647$973$558$313$49
43 years$2,594$1,570$913$515$284$42
44 years$2,507$1,496$857$475$258$36
45 years$2,424$1,427$805$439$234$31
46 years$2,344$1,361$756$406$212$27
47 years$2,268$1,299$710$375$193$23
48 years$2,196$1,240$667$346$175$20
49 years$2,126$1,184$627$320$159$17
50 years$2,060$1,131$590$296$145$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,110,000, adding $5,523 every year, while hoping to spend $26,654 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 31/49/20 Blend
58$2,110,000$2,110,000$2,110,000$2,110,000
59$2,330,917$2,219,087$2,186,382$2,388,491
60$2,540,311$2,299,463$2,231,266$2,512,738
61$2,770,170$2,382,883$2,276,761$2,643,601
62$3,022,552$2,469,470$2,322,858$2,783,912
63$3,299,728$2,559,349$2,369,548$2,934,510
64$3,604,195$2,652,652$2,416,823$3,096,313
65$3,938,706$2,749,515$2,464,670$3,270,330
66$4,306,294$2,850,082$2,513,076$3,457,669
67$4,710,300$2,954,500$2,562,028$3,659,543
68$5,154,405$3,062,924$2,611,511$3,877,286
69$5,642,663$3,175,517$2,661,505$4,112,364
70$6,179,543$3,292,445$2,711,994$4,366,385
71$6,769,967$3,413,885$2,762,956$4,641,117
72$7,419,357$3,540,019$2,814,369$4,938,501
73$8,133,689$3,671,038$2,866,208$5,260,672
74$8,919,546$3,807,139$2,918,446$5,609,975
75$9,784,181$3,948,531$2,971,056$5,988,988
76$10,735,587$4,095,428$3,024,005$6,400,547
77$11,782,568$4,248,055$3,077,261$6,847,769
78$12,934,828$4,406,648$3,130,787$7,334,080
79$14,203,058$4,571,451$3,184,546$7,863,252
80$15,599,036$4,742,719$3,238,495$8,439,431
81$17,135,744$4,920,718$3,292,590$9,067,180
82$18,827,482$5,105,725$3,346,784$9,751,515
83$20,690,010$5,298,030$3,401,026$10,497,961
84$22,740,692$5,497,935$3,455,262$11,312,592
85$24,998,664$5,705,755$3,509,434$12,202,097
86$27,485,009$5,921,819$3,563,481$13,173,833
87$30,222,961$6,146,468$3,617,339$14,235,902
88$33,238,119$6,380,062$3,670,936$15,397,217
89$36,558,695$6,622,973$3,724,200$16,667,593
90$40,215,774$6,875,590$3,777,053$18,057,834
91$44,243,610$7,138,321$3,829,411$19,579,833
92$48,679,948$7,411,589$3,881,187$21,246,685
93$53,566,383$7,695,837$3,932,287$23,072,808
94$58,948,749$7,991,528$3,982,613$25,074,077
95$64,877,551$8,299,142$4,032,060$27,267,972
96$71,408,446$8,619,185$4,080,519$29,673,743
97$78,602,764$8,952,182$4,127,873$32,312,588
98$86,528,089$9,298,681$4,173,999$35,207,851
99$95,258,893$9,659,256$4,218,767$38,385,242
100$104,877,245$10,034,504$4,262,041$41,873,076